a bank in your hand

a bank in your hand

annual report 2015

1annual report 2015

60% adults in Indonesia do not have access to banking services.They are micro traders, farmers, fishermen, blue collars workers, informal workers, house wives and students.

In November 2014 OJK issued a new regulation to enable financial inclusion, and BTPN is one of the first four banks being granted the license by the regulators.

2 PT Bank Tabungan Pensiunan Nasional Tbk

bankingtransactionseven in poorreception areas

start savingwith Rp5,000

bank in my hand

BTPN Wow! is a solution specifically designed around the life of customers who have been excluded by banking for a long time.

It works with the cheapest handphone and one bar signal. Financial and non-financial menus will continuously be added in 2016.

highlights

3annual report 2015 3annual report 2015

A customer can open a saving account, do cash deposit and cash withdrawal via thousands of individual agents.

In 2015, BTPN has expanded its BTPNWow! network to 21,000 agents in remote areas and villages mainly in Java and Sumatera. BTPN will rapidly expand its agent network in 2016.


new homenew spirit

Menara BTPN is managements commitment to provide a good quality working environment for our employees. Our move from the Cyber 2 office to Menara BTPN will soon be completed and our operations will commence as usual from the beginning of 2016.

After the rapid transformational growth, over the past 6 years, this move marks the beginning of a new phase, a new spirit and a new home.


highlights

5annual report 2015 5annual report 2015

contents

for more information, visit:www.btpn.com

Significant Achievements

8financial highlights 8share performance 10corporate action 11siginificant events 13awards 14

Board Reports

16president commissioner report 18president director report 24

Company Profile

32vision, mission, values 34btpn in brief 36milestone 38organization structure 40board of commissioners profile 42board of commissionerscommittees profile 46board of directors profile 48subsidiary profile 54shareholders profile 58structure of ownership 60share and bond registration 64information for shareholders 65

Management Discussion and Analysis

66macro economy & banking industry 68financial performance 70financial impact 742016 business outlook 76

Business Review

78business units

BTPN Purna Bakti 82BTPN Mitra Usaha Rakyat 86BTPN Mitra Bisnis 90BTPN Sinaya 94

support units

human capital 100risk management 104information technology 168operations 172

Daya

176Daya health & wellness 180Daya entrepreneurial capacitybuilding 182Daya community empowerment 184

Corporate Governance

188corporate governance report 190corporate secretary 224internal audit report 228compliance report 232committee report 236customer protection, employee practices and preserving theenvironment 246statement of the board ofcommissioners and the board ofdirectors 250

Corporate Data

252executive officers 254products and services 259office addresses 260

Financial Report

262audited consolidated financialstatements 2014 262financial data of parent company 477

Financial Services Authority (OJK)cross reference 480


financial highligths

2015 Percentage Change 2014Percentage

Change 2013

financial data (in millions of rupiah)

Total Assets 81,039,663 7.97% 75,059,223 7.68% 69,702,580

Total Loans 58,587,383 12.68% 51,993,574 12.77% 46,105,437

Total Deposits 60,273,396 13.01% 53,335,114 2.18% 52,195,859

Total Liabilities 67,115,804 6.31% 63,132,147 5.36% 59,918,061

Total Shareholders' Equity 13,576,068 16.24% 11,679,641 19.37% 9,784,519

Interest Income 13,003,876 5.78% 12,293,155 12.34% 10,943,058

Interest Expenses (5,308,265) 1.06% (5,252,372) 34.86% (3,894,609)

Net Interest Income 7,695,611 9.30% 7,040,783 -0.11% 7,048,449

Other Operating Income 705,835 -4.55% 739,520 84.70% 400,394

Operating Expenses (5,941,739) 13.74% (5,223,799) 14.53% (4,561,176)

Income from Operations 2,459,707 -3.79% 2,556,504 -11.47% 2,887,667

Profit Before Tax 2,432,611 -4.38% 2,543,990 -11.63% 2,878,764

Net Profit for the Year 1,752,609 -7.03% 1,885,127 -11.90% 2,139,661

Profit Attributable to:

Owners of the Parent 1,701,847 -8.95% 1,869,118 -12.64% 2,139,661

Non-Controlling interest 50,762 217.08% 16,009 - -

Earning per Share (Full Value) 291 -9.06% 320 -12.57% 366

financial ratios (%)

Cost to Income Ratio 61 58 53

Return on Assets (RoA)* 3.1 3.6 4.5

Return on Equity (RoE) 14.1 18.6 26.2

Loan to Deposit Ratio (LDR) 97 97 88

Capital Adequacy Ratio (CAR)** 23.8 23.2 23.1

Gross Non Performing Loan (NPL) 0.7 0.7 0.7

Net Interest Margin (NIM) 11.3 11.4 12.7

Note: * RoA before tax; ** Including Credit and Operational Risks

highlights

9annual report 2015

Financial Ratio (in percent)Income Statement (in trillion of Rupiah)

net interest income

7.7

7.0

7.0

2015

2014

2013

other operating income

0.7

0.7

0.4

2015

2014

2013

operating expenses

5.9

5.2

4.6

2015

2014

2013

net profit after tax

1.7

1.9

2.1

2015

2014

2013

Balance Sheet (in trillion of Rupiah)

3.6

0.7

23.2

4.5

0.7

23.1

2014

2014

2014

2013

2013

2013

Profitability (RoA)

Loan Quality (NPL)

Capital Adequacy (CAR)

3.1

0.7

23.8

2015

2015

2015

loan

58.6

52.0

46.1

2015

2014

2013

deposit

60.3

53.3

52.2

2015

2014

2013

equity

13.6

11.7

9.8

2015

2014

2013

total asset

81.0

75.1

69.7

2015

2014

2013


share performance

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

1,000,000

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

January February March April May June July August September October November December

Vol

ume

(Uni

t)

Sha

re P

rice

(Rp

)

Share Performance BTPN in 2015 & 2014

Volume 2015 Volume 2014 Share Price 2015 Share Price 2014

PeriodHighest (Rp) Lowest (Rp) Closing (Rp) Volume (Rp) Market Capitalization

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

March 4,290 4,300 4,220 4,250 4,220 4,290 102,800 72,600 24,646,012,224,540 25,054,832,332,530

June 3,500 4,255 3,405 4,250 3,425 4,250 17,800 45,300 20,002,983,855,225 24,821,220,842,250

September 2,910 4,605 2,910 4,580 2,910 4,600 1,900 855,600 16,995,235,917,870 26,865,321,382,200

December 2,450 4,025 2,400 3,950 2,400 3,950 15,500 421,600 14,016,689,416,800 23,069,134,665,150

highlights

11annual report 2015

corporate action

Share listing at Indonesia Stock Exchange

Information Listing Date Total Shares

Initial Public Offering 12 March 2008 943,936,190

Limited Public Offering I to Shareholders in the framework of Rights Issue 10 December 2010 188,787,238

Stock Split 1:5 28 March 2011 5,663,617,140

IFC Debt to Equity Conversion 9 March 2012 176,670,117

Total Share Listing after Debt Equity Conversion 5,840,287,257

BTPN bonds public offering

Information Listing Date Bond Amount (Rupiah)

Coupon Rate (%)

Due Date Outstanding (Rupiah)

Public Offering BTPN Bond I 2009 with Fixed Coupon Rate

Serie A 8 October 2009 350,000,000,000 11.25 7 October 2012 Settlement has been made on October 8, 2012

Serie B 8 October 2009 400,000,000,000 12.00 7 October 2014 Settlement has been made on October 7, 2014

Public Offering BTPN Bond II 2010 with Fixed Coupon Rate

Serie A 19 May 2010 715,000,000,000 9.90 18 May 2013 Settlement has been made on May 20, 2013

Serie B 19 May 2010 585,000,000,000 10.60 18 May 2015 Settlement has been made on May 18, 2015

Public Offering BTPN Bond III 2010 Fixed Coupon Rate

Serie A 23 December 2010 400,000,000,000 8.75 22 December 2013 Settlement has been made on December 23, 2013

Serie B 23 December 2010 700,000,000,000 9.20 22 December 2015 Settlement has been made on December 22, 2015

Public Offering Shelf Registry Bond I BTPN Fixed Coupon Rate Phase I Year of 2011

Serie A 30 June 2011 165,000,000,000 9.25 28 June 2014 Settlement has been made on June 30, 2014

Serie B 30 June 2011 335,000,000,000 9.90 28 June 2016 335,000,000,000

Public Offering Shelf Registry Bond I BTPN Fixed Coupon Rate Phase II Year of 2012

Serie A 6 August 2012 525,000,000,000 7.75 3 August 2015 Settlement has been made on August 3, 2015

Serie B 6 August 2012 725,000,000,000 8.25 3 August 2017 725,000,000,000

Public Offering Shelf Registry Bond I BTPN Fixed Coupon Rate Phase III Year of 2013

Serie A 6 March 2013 350,000,000,000 7.65 5 March 2016 350,000,000,000

Serie B 6 March 2013 400,000,000,000 8.25 5 March 2018 400,000,000,000

Public Offering Shelf Registry Bond II BTPN Fixed Coupon Rate Phase I Year of 2013

Seri A 5 July 2013 450,000,000,000 7.75 4 July 2016 450,000,000,000

Seri B 5 July 2013 350,000,000,000 8.25 4 July 2018 350,000,000,000

BTPN bonds rating

Shelf Registry Bond I BTPN Fixed Coupon Rate Phase I Year of 2011 AAA (idn); Stable Outlook

Shelf Registry Bond I BTPN Fixed Coupon Rate Phase II Year of 2012 AAA (idn); Stable Outlook

Shelf Registry Bond I BTPN Fixed Coupon Rate Phase III Year of 2013 AAA (idn); Stable Outlook

Shelf Registry Bond II BTPN Fixed Coupon Rate Phase I Year of 2013 AAA (idn); Stable Outlook


Use of Funds from Public Offering

The bank has conducted corporate actions, such as issuance of bonds through public offering and shelf registry bond, in which all fund proceeds from the public offering and shelf registry bonds, after deduction of issuance cost, was entirely used by the bank in accordance with the use of funds as stipulated in their respective prospectuses. The issuances of bonds that have been conducted by the bank are as follow:

(in million rupiah)

Type of bond Effective date

Realizable value of the Public OfferingRealization of the Use of

Funds Remaining proceeds from

the public offering

Offering Result

Offering Cost

Net of Offering Result

Plan of the Use of Fund

Realization of the use of fund

Bond Bank BTPN I Year of 2009

29 September 2009 750,000 8,699 741,301 741,301 741,301 0

Bond Bank BTPN II Year of 2010

18 May 2010 1,300,000 8,116 1,291,884 1,291,884 1,291,884 0

Bond Bank BTPN III Year of 2010

14 December 2010 1,100,000 6,476 1,093,524 1,093,524 1,093,524 0

Shelf Registry Bond Bank BTPN I Phase I Year of 2011

20 June 2011 500,000 5,057 494,943 494,943 494,943 0

Shelf Registry Bond Bank BTPN I Phase II Year of 2012

6 August 2012 1,250,000 6,069 1,243,931 1,243,931 1,243,931 0

Shelf Registry Bond Bank BTPN I Phase III Year of 2013

6 March 2013 750,000 3,668 746,332 746,332 746,332 0

Shelf Registry Bond Bank BTPN II Phase I Year of 2013

5 July 2013 800,000 5,292 794,708 794,708 794,708 0

highlights

significant events

BTPN held Enterpreneur Networking Forum taking Innovation in the Midst of Economical Challenge as

main topic. One of the forms of the latest innovation is the launch of BTPN Mitra Bisnis, a business unit

which is focused to serve the needs of micro and SME businesses. Throughout 2015, BTPN held the

forum in 3 cities including Surabaya, Medan and Makassar.

16 september

BTPN with Institut Pertanian Bogor (IPB) held a graduation for BTPN MUR and Purna Bakti customers in

Bogor, on 16 December 2015. The graduation event is a form of appreciation from BTPN to its customers

who have completed the four Daya training modules within the course of one year. BTPN collaborated with

the Business School of IPB to develop the training curriculum tailored for its customers.

16december

BTPN held a General Meeting of Shareholders and an Extraordinary General Meeting of Shareholders where it has been decided among others not to distribute dividends to shareholders. The meetings also approved the appointment of two new Directors, Wolf Arno Kluge and Maya Kartika. In addition, BTPN also approved the amendment and restatement of the Articles of Association of the Company in order to adapt to the regulations of the Financial Services Authority. The Extraordinary General Meeting of Shareholders also approved the increase in paid up capital of the company, without granting the Pre-Emptive Rights to Subscribe Securities (HMETD) in implementation of the Management and Employee Stock Option Program (MESOP).

BTPN launched BTPN Wow! an innovation of Laku

Pandai. Laku Pandai is a branchless banking system

in a financial inclusive framework, initiated by the

Financial Services Authority. BTPN Wow! was officially

launched by Djemi Suhenda Deputy President

Director of BTPN and witnessed by Muliaman Hadad,

President Commissioners of the Financial Services

Authority in Deli Serdang, North Sumatera.

26 30march march

BTPN held an event to

socialize Laku Pandai,

which is a program of

branchless banking

service in a financial

inclusive framework.

BTPN participated in

this program through its

initiative called, BTPN

Wow! Throughout 2015,

BTPN held socialization

events in 10 cities

including Malang,

Surabaya, Yogyakarta,

Bandung, Palembang,

Denpasar, Makassar,

Manado, Aceh and

Padang.

22 may 21

8

BTPN received an appreciation from the United Nations Educational, Scientific and Cultural Organization (UNESCO) for its efforts in restoring the De Driekleur (Three Colours) building in Dago, Bandung, West Java. BTPN received the 2014 UNESCO Asia Pacific Awards for Cultural Heritage Conservation in the Honourable Mention category. The restoration of De Driekleur is the Banks collaboration project with architect Budi Lim.

BTPN and the Indonesian Ministry of Home Affairs signed an agreement of cooperation on improving financial services based on local citizens data, such as individual citizen number (NIK) and electronic citizen identity card (e-KTP). BTPN is committed to inform all of its customers on the utilization of e-KTP.

april

july

15january

BTPN held an Extraordinary General Meeting of Shareholders (RUPSLB) to propose two SMBC deputies as members of the Board of Commissioners, Chow Ying Hoong and Hiroshi Higuma. Extraordinary General Meeting of Shareholders (RUPSLB) also reaffirmed the appointment of Jerry Ng and Anika Faisal in their positions as President Director and Compliance Director as an Independent Director. The Independent Directors was assigned in May 2014 in order to comply with the Exchange Rules No. I-A of the Registration of Shares and Equity Securities.



awards

Institution Title Year

Asean Business Awards 2nd Winner in Growth Category 2011

CLSA Asia Pacific Market BTPN: One of the Innovative Companies in ASEAN 2011UVA Case Study UVA Case Study: BTPN: Banking for the Bottom of the

Pyramid in Indonesia.

Winner of NextBillion Case Writing Competition

2013

The Banker Magazine Top 25 Banks by Return of Capital 6th in Asia Pacific; 23rd Globally

2013

Infobank Magazine 1st Rating 118 Bank Kategori Bank BUKU III 2015 2015

Bisnis Indonesia Award CEO Pilihan Bisnis Indonesia

Jerry Ng won Best CEO 2015

Bisnis Indonesia Award CEO Pilihan Bisnis Indonesia

Best Bank in 2015 for asset class Rp25-100 trillion 2015

Tempo The Best Bank in Retail Banking Services for asset category Rp50-100 trillion.

The Most Efficient Bank for asset category Rp20-100 trillion.

The Most Reliable Bank for asset category Rp20-100 trillion.

Diversity Board.

2015

Economic Review Anugrah Perbankan Indonesia

Peringkat I Bank BUKU III aset Rp50 trilyun-Rp100 trilyun untuk Kategori

1st Rank Risk Management 1st Rank Human Capital 1st Rank Finance (Value Creation) 1st Rank Finance (Efficiency & Profit) 2nd Rank Information Technology 2nd Rank Corporate Social Responsibility 2nd Rank Good Corporate Governance 3rd Rank Corporate Communication

2015

IICD (Indonesian Institute for Corporate Directorship)

Top 50 Public Listed Companies in the 7th IICD Corporate Governance Conference Award

2015

IICD (Indonesian Institute for Corporate Directorship)

The Best Role of Stakeholders in the 7th IICD Corporate Governance Conference Award

2015

highlights


BTPN has gained numerous awards

and recognition locally and

internationally

16 PT Bank Tabungan Pensiunan Nasional Tbk16 PT Bank Tabungan Pensiunan Nasional Tbk

board reports


board reports

President Commissioner Report

President Director Report


page 18-31


president commissionerreport


board reports


board reports

I am glad to report that despite the challenging external environment, BTPN continues to show its ability to grow in a measured and prudent manner. The Board of Commissioners (BOC) continues to closely monitor important economic and banking trends to ensure timely, relevant and effective guidance and supervision by the BOC, as well as, through its various committees. We are satisfied with the Board of Directors (BOD) 2015 performance and are confident that they can implement their key strategic initiatives going forward.

Prof. Dorodjatun Kuntjoro-Jakti Ph.D.President Commissioner (Independent)



Dear Shareholders,

2015 remained a challenging year for the global economy, ours, the banking industry and, ultimately BTPN. Macro issues in 2014 continued well into the following year. The world economy, with the exception of the US, remained weak. With the worlds second largest economy, China, also hurting, our commodity exports continued to drop. Although our weak economy slowed down imports more than exports; which helped improve the current account deficit to around 2 percent to GDP, the Rupiah remained under pressure throughout last year. The prolonged market expectation of a US Federal Reserve interest rate hike, which finally occured in December last year did not help either. The Rupiah started the year at Rp12,400 per USD1 level and weakened to Rp13,800 per USD1 level by year-end.

The stock market also did not perform well, with the Jakarta Composite Index shrinking from about 5,200 in January last year to 4,500 twelve months later. But bond investors, including from abroad, remained interested in taking up Indonesia government bonds. A total of Rp350 trillion worth of government bonds were outstanding last year to cover the governments 2015 budget deficit, which reached about 2.5 percent, approaching close to the governments 3.0 percent limit.

The economic slowdown and rising interest rate has dampened growth in the banking industry. The industry saw a lower annual loan growth, as of third quarter in 2015, down to 10% from 12% a year earlier. Sluggish growth also hurt loan quality with non-performing loan (NPL) levels, at this time, rising to 2.7 % up from 2.3 % in 2014.

2015 Performance

Despite a challenging environment, I am pleased to report that BTPN continued to deliver satisfactory results. Loans grew 13% to Rp58.6 trillion, with a NPL ratio of 0.7%, one of the lowest NPL ratio in the industry. Funding this growth is customer deposits, which grew 13.0% to Rp60.3 trillion. Loan to Deposit ratio was kept level at 97%, with a Capital Adequacy Ratio (CAR) of 23.8% by year end. For financial year 2015, BTPN reported a consolidated net profit of Rp1.7 trillion, a slight decline, from Rp1.9 trillion in 2014.

There was no material corporate action done in 2015 and the shareholding composition of BTPN remains unchanged with Sumitomo Mitsui Banking Corporation (SMBC) the largest single shareholder of the Bank, at 40.0%, Summit Global Capital Management B.V. 20% followed by TPG Nusantara S. r.l. with 8.38%, and the public with the remaining 31.62%.

I am also glad to report that in 2015 BTPN is starting to heavily invest in its digital banking platform for the future. This will enable our customers to do their banking transactions using a simple handphone and, thus, a visit to a branch becomes unnecessary.

This will help us reach unbanked remote communities and open up more opportunities for BTPN and its majority-owned subsidiary, BTPN Syariah, to better serve Indonesias lower-income segment. We are actively helping implement the governments important financial inclusion program.

board reports


We expect 2016 to remain challenging, with economic growth staying more or less the same. Uncertainty remains high, due in part to a divergence of monetary policy by the US, which is raising interest rates, while other major economies are lowering theirs. In addition, the strengthening USD could hurt emerging market economies that have high USD debt relative to their GDP. However, inspite of these uncertainties, BTPN, with its largely domestic Rupiah-focused business, should improve this year.

Good Corporate Governance

During this challenging year, the committees under the Board of Commissioners (BOC) have performed their oversight duties through numerous meetings with management and through our various committees. We also actively visit our branches to assess the effectiveness of our services by talking with employees and their customers in the field.

We continue to place a strong emphasis on good corporate governance to ensure sustainable value creation and growth. Close engagement is maintained among the BOC, the Board of Directors and the BOC Committees. This is to ensure implementation of compliance, transparency, accountability and professional ethics within the Banks organisation.

Periodically, the Board of Commissioners reviews the sufficiency and effectiveness of the Banks internal controls and risk management framework and, based on our latest assessment, we are comfortable with the adequacy of BTPNs existing internal controls and risk framework. Nevertheless,

we continue to seek ways for improving these two critical areas. I would like to take this opportunity to congratulate and welcome two new members to the Banks Board of Directors, Wolf Arno Kluge, currently Director of Risk Management, and Maya Kartika, Director of Human Capital.

Acknowledgements

In closing, on behalf of the BOC, I wish to extend the sincere appreciation to all shareholders, the regulators, customers, business partners, staff and all other stakeholders for their continuing trust and support. With your full support, I am confident that BTPN will continue to progress and advance, and along with that, enable all our customers to grow and prosper with us.



Hiroshi HigumaCommissioner

Harry HartonoIndependent Commissioner

Ashish Jaiprakash ShastryCommissioner

the board of commissioners

board reports



Irwan Mahjudin HabsjahIndependent Commissioner

Chow Ying HoongCommissioner

24 PT Bank Tabungan Pensiunan Nasional Tbk24

president directorreport

PT Bank Tabungan Pensiunan Nasional Tbk

board reports


board reports

The Bank continues to expand in a profitable way. But, looking ahead, we are investing in a digital banking platform to ensure a more sustainable and impactful growth.

Jerry NgPresident Director



Dear Shareholders,

I am happy to report that BTPN continues to expand along its long-term road map, despite the challenging external and sectoral environment. In the short term, the Banks existing lines of business continue to show promising growth. However, longer term, important technological and market trends are impacting the banking sector, which requires the Bank to make a long-term commitment and investment to ensure BTPN can continue to grow, perform and create a meaningful impact for its customer base. We are confident with the trust, support and contribution of all stakeholders, the Bank can grow and be relevant for all concerned going forward.

Maintain Growth Despite a Weak Ecoonomy

The year 2015 was difficult for the economy, the banking sector as well as for BTPN. The economy grew just by 4.8%, lower than the already subdued 5.0% a year ago. With inflation still high during the year, as a result of the fuel price hike early in the year, Bank Indonesia (BI) had to keep its benchmark interest rate at 7.5%. But by year-end, monthly inflation came down to below 4.0%, within BIs comfort zone. The Rupiah, though, remained volatile throughout the year. This was due to the countrys weak exports, a better, but still negative current account deficit and the anticipation of a US Federal Reserve interest rate hike, which occured at the end of December 2015. Throughout the year, the Rupiah weakened by 7.8%, finally closing at the Rp13,800 per USD level by year-end.

A slow economy and high interest rates limited the sectors annual loan growth to 10.4%, its lowest level since the global Lehman financial crisis back in 2009. Deposits also grew a subdued 7.3% and with the sectors problem loans rising, the non-performing loan (NPL) ratio moved up to 2.5% from 2.2% a year ago. At year end, the sectors profitability also dropped. The sectors net interest margin (NIM), liquidity, in the form of its loan to deposit (LDR), and capital adequacy (CAR) ratios, at 2015 year-end, closed at 5.4%, 92.1% and 21.4%, respectively. In sum, the sector still had sufficient margins, liquidity and capital to withstand the economic slowdown. For BTPN in 2015, we were able to grow our loans and deposits higher than the industry, each by 13%. As such, we kept our liquidity or loan-to-deposit (LDR) ratio of 97% more or less level with last year. We have also kept our net interest margins at 11.3% and our loan quality, in the form of our NPL ratio, at 0.7%, much below the sectors average. The end result is a slight 9% decline in our 2015 net income to Rp1.7 trillion. The net income drop is largely due to our long-term investment in our mobile and digital banking platform. If we separate this investment, our normalized net profit has actually risen by 2%. The Banks liquidity, in the form of the Banks LDR and Loan to Funding (LTF) ratios closed at 97.0% and 89.0%, respectively. Capital levels at a CAR of 23.8% still shows plenty of room for growth ahead.

board reports


Healthy 2015 Business Growth and Investing in Mobile Banking

This year, we continue to expand and broaden our business in key areas. Our Pension business, which accounts for 64.7% of total consolidated loans (including our subsidiary BTPN Syariah), grew its loans by 9%. The Bank set up a new SME business unit (SME) and transferred part of the Micro business portfolio to SME, thus allowing Micro business to sharpen its focus. This resulted in an 8% decline in Micro loans. The Micro business accounting for 14.9% of total loans, remains a subtantial business. The newly separated SME business, however, doubled in loan size and now accounts for 11.7% of loans. Our BTPN Syariah subsidiary, which provides financial services to lower income communities in rural areas, grew a sizable 47%. BTPN Syariah loans when consolidated with BTPN, accounts for 6.3% of consolidated loans. On the operational side, we have strengthened several aspects of our infrastructure network. In this area, there is our B-One project, which creates a unified BTPN branch network that is more flexible, customer-convenient and operationally efficient. This branch streamlining exercise would enable several key BTPN branches to provide an

appropriate mix of services from the Banks different business lines. This includes our Pension, Micro, SME, Sinaya, and BTPN Syariah businesses and will depend on their location and the composition of their respective surrounding communities. Other branches will remain as dedicated business line branches. In line with this unified approach, our Human Capital support unit will provide a more integrated Human Resource service internally and use a more comprehensive system. Although our current core business lines show potential growth, we realize that, with increasing competitive and changes in market behavior, from the advancement and spread of technology, the Bank needs to keep abreast and follow these critical trends. In this regard, we are investing inbuilding an extensive mobile banking platform that would enable our mass market customers, with just a simple handphone, to do banking transactions, wherever they are located. This extends our reach to remote communities that are still unbanked and is an opportunity to provide financial services to these communities. To effectively do this, we are also linking with our agent banking network throughout the country. This mobile banking platform investment is significant and is critical to enable BTPN to better prepare itself for the future and, at the same time, better serve our growing customer base.


For the mass market segment, we formally launched our mobile banking platform, called BTPN Wow!, which allows customers, with a simple mobile phone, to open a savings account with a simplified verification process and do banking transactions, such as money transfers, bill payments, and apply for micro loans or micro insurance products. The goal is to have our customers to do all their banking transactions through their hand-phone without having to visit our branch. In other words, it would be like having a bank in their hand. This would allow BTPN to expand its financial services to remote unbanked communities through a network of agents, which is a branchless banking Laku Pandai framework introduced by the governments Financial Services Authority (OJK). The Bank has piloted this mobile banking service with its employees the previous year, before launching it in 2015. Currently, this service has been launched in partnership with the local mobile telecommunication companies and, since its soft launch in March 2015, is being used by over 307,000 customers. About 21,000 agents are participating in our branchless banking network to facilitate payments in remote locations.

In a slower economy, the level of risk increases across all areas. We are conscious of this and have continued to tighten and improve our internal control and risk management systems. This is also important in line with the growth of our business, our improved digital mobile banking platform as well as our extensive distribution network across the country.

On our corporate social responsibility activity, we continue to enhance and better align our social community Daya programs to better meet the changing need of our customers. The Daya program has been improved and integrated to work more seamlessly across our different businesses. This has helped unify our businesses and, with time, also improve our surrounding communities through our health and business training programs.

2016 Business Outlook and BTPN Priorities

Early in 2016, BI signalled the loosening up of its monetary policy by reducing its benchmark rate twice and by lowering the reserve requirement by one percentage point. The government announced its tenth economic package, in a series of policies aimed at stimulating the economy, by opening up more sectors that allows foreign investors to hold majority and even 100% ownership. While the impact on the economy for the whole year remains to be seen, the Rupiah actually strengthened to Rp13,500 per USD1 in February 2016. Now, there is more optimism, that with the rise in government infrastructure spending, increased investment and a rise in loan growth, due to lower cost of funds, economic growth should pick up in te second half of the year.

board reports


Projecting these market changes in 2016, BTPN will continue to prudently expand our existing businesses and invest in our digital banking platform for the future. This platform, through the use of smartphones, would allow our customers to do more sophisticated banking transactions with us. We also plan to broaden and extend the reach of our banking coverage to more remote and unbanked communities.

I would like to take this opportunity to congratulate and warmly welcome two new Board of Director members. Wolf Arno Kluge has been with us for several years and is now promoted to Director of Integrated Risk. Maya Kartika is a senior and experienced banker, who has joined us asDirector of Human Capital. In line with our efforts to strengthen our management, we will continue to improve the efficiency and effectiveness of our Corporate Governance policies and processes to ensure transparency, accountability, fairness, responsibility and independency. In closing, I would like to take this opportunity to thank our stakeholders for their support, our business partners for their cooperation, our employees for their

tireless efforts in making a difference in the life of our customers and, more importantly, my gratitude to our customers for their trust.




Ongki Wanadjati DanaDeputy President Director

Djemi SuhendaDeputy President Director

Maya KartikaHuman Capital Director

Asep Nurdin AlfallahPension Business Director

Hadi WibowoOperations Director

the board of directors

board reports


Arief Harris TandjungFinance and Funding Director

Anika FaisalCompliance Director

Wolf Arno KlugeRisk Management Director

Mulia SalimUMK Business Director

Kharim Indra Gupta SiregarInformation Technology Director

32 PT Bank Tabungan Pensiunan Nasional Tbk32 PT Bank Tabungan Pensiunan Nasional Tbk

company profile


Vision, Mission, Values

BTPN in Brief

Milestone

Organization Structure

Board of Commissioners Profile

Board of CommissionersCommittees Profile

Board of Directors Profile

Subsidiary Profile

Shareholders Profile

Structure of Ownership

Share And Bond Registration

Information for Shareholders

company profile


page 34-65


visionTo be the best mass market* bank and making a difference in the lives of millions.

missionTogether with our stakeholders, we create opportunities for growth and greater significance.

*Mass market refers to low fixed income earners and micro-small business market segment

company profile


The crafting of BTPNs vision, mission and values began in 2009. The goal was to build a sustainable business which contributes to the well-being of fellow Indonesians and thereby to the development of the nation.

Through a series of workshops facilitated by Directors and Senior Management, the mission and values was tabled for discussion amongst more than its 3,000 employees. Although the final statement was confirmed in January 2010, over a year later, after vision, mission and values have been approved by the Board of Directors, the Bank believes that the journey in establishing its mission and values is the destination.

Our values drive how we conduct our business. Sustainable Superior Performance


BTPN in brief

The Banks head office is based in Jakarta and has branches spread throughout 263 cities in the country. The Bank provides an array of banking services that is divided into four businesses. The first is the BTPN Purna Bakti focusing on pensioners and pre-pensioners. The second is BTPN Mitra Usaha Rakyat focusing on micro-small entrepreneurs. The third is BTPN Mitra Bisnis focusing on small business segment in between micro and SME. Last is BTPN Sinaya focusing on gathering deposits from the mid-to upper income individuals and institutions.

The Bank operates a network to serve customers, consisting of 387 BTPN Purna Bakti branches and 130 payment points, 573 BTPN Mitra Usaha Rakyat branches, 6 BTPN Mitra Bisnis branches and 64 BTPN Sinaya branches across Indonesia.

BTPN Purna Bakti branches and 130

payment points

BTPN Mitra Usaha Rakyat branches

387 573 BTPN Sinaya branches

BTPN Mitra Bisnis branches

64

6

company profile


Name PT Bank Tabungan Pensiunan Nasional Tbk

Business Banking Services

Ownership Sumitomo Mitsui Banking Corporation (40.00%)

Summit Global Capital Management B.V. (20.00%)

TPG Nusantara S. r.l. (8.38%)

Public (31.62%)

Year of Establishment 1958

Legal Basis of Establishment PT Bank Tabungan Pensiunan Nasional Tbk (the Bank) was established by notarial deed

No. 21 dated 6 October 1959 of Notary Noezar, SH. The deed was amended by notarial

deed No. 203 dated 31 May 1960 and deed No. 53 dated 7 November 1960 of Notary

Noezar, S. H. Articles of Association was published in Supplement No. 5 to State Gazette

No. 13 dated 14 February 1961.

Authorized Capital Rp150,000,000,000

Issued and Paid Up Capital Rp116,805,745,140

Stock Exchange Indonesia Stock Exchange

Share Code BTPN

ISIN Code 101000118508

Head Office Menara BTPN, CBD Mega Kuningan Jl. Dr. Ide Anak Agung Gde Agung,

Kav 5.5-5.6 Jakarta Selatan 12950

Website & Email www.btpn.com

[email protected]

Ratings (Fitch) National Long-Term: AAA (idn); Stable Outlook

BTPN approach

To make a difference and improve the significance of every Indonesian, the Bank needed to rethink the way it does its Corporate Social Responsibility (CSR). The end result is a mass-market enabling platform that provides additional support to our customers beyond financing. This was done in the form of access to markets, information and training from health to practical business. All these activities are supervised under the Banks Daya program.

While most companies aspire to make a difference through CSR programs separate from their business, BTPN integrates its social program within its business. So much so that our tag-line, Together with our stakeholders, we create opportunities for growth and greater significance is not just our social responsibilitybut integrated in our daily business activity down to the branch level.

company profile


milestone

1958

2011

2014

2012

2008

Initially, The Bank was established in Bandung, West Java, under the name Bank Pegawai Pensiunan Militer (BAPEMIL) and served retired military personel. In 1986 change its name into PT Bank Tabungan Pensiunan Nasional. In 1993, The Bank change its license from a saving bank to a commercial bank.

TPG Nusantara S. r.l. (TPG), a subsidiary of USA global private equity, TPG Capital, acquired a majority stake (71.6%) in BTPN through a public listing in the Indonesia Stock Exchange. At that time, BTPN become public listed company with Rp13.7 trillion in assets.

The Bank launched its Daya program as an integral part of its business and successfully piloted its Sharias Community Banking Business (BTPN Syariah-Tunas Usaha Rakyat) which will be launched in 2012. The Funding Business launched its BTPN Sinaya brand program, which links up with the Banks Daya initiative. The Bank expanded its ATM network with ATM Prima network, in addition to its existing ATM Bersama network. This brings its ATM linked network to more than 57,331 ATMs throughout the country.

BTPN Syariah is a 70%-owned subsidiary company of BTPN, which was established through the spin off of its Sharia Business Unit. The Banks strategic partnership with Allianz, will be focusing on the mass market and is expected to start commercial operations.

BTPN Syariah-Tunas Usaha Rakyat, grew significantly with 28,927 community centres in Banten, West and East Java by the end of the year, empowering over 444,000 customers in the grass-root community. BTPN completed the piloting of its new mobile phone banking called BTPN Wow!, to be rolled out in 2013.

2013

BTPN Syariah-Tunas Usaha Rakyat, financing more than doubled in size to about Rp1.4 trillion and now accounts for about 3% of total loan. The sharia unit has 69,500 community groups (Sentra) across the country, empowering over 931,500 customers in village communities. BTPN acquired PT Bank Sahabat Purba Danarta (Bank Sahabat) and will convert it into a sharia bank before spinning off its sharia unit into the newly acquired entity in 2014.


company profile


2009 2010

2015

BTPN launched its micro-small business namely BTPN Mitra Usaha Rakyat by rolling out 539 branches and growing the units loans to Rp2.3 trillion. The Bank issued its first Rupiah long term bond, which carried an A+ national scale rating from Fitch Ratings, and received a long-term Rupiah facility from International Finance Corporation, a subsidiary of The World Bank.

BTPN increased its assets to Rp34.5 trillion, compared to Rp13.7 trillion two years ago. The Bank ranked 10th among Indonesian banks according to market capitalization, ranked 5th in branch network and ranked 6th in the number of employees. The Banks asset growth was funded in part by two long-term bonds issues totaling Rp2.4 trillion and a Rp1.3 trillion rights issue completed in December.

In 2015 BTPN formally launched BTPN Wow!, a digital mobile platform, which allows customers with a simple mobile phone to open a savings account with a simplified verification process, and do banking transactions, such as saving, withdrawal, money transfers, bill payments and apply for micro loans or micro insurance products. The goal is to have customers to do all their banking transactions through their handphone. It would be like having a bank in their hands. This would allow BTPN to expand its financial services to remote unbanked communities through a network of agents, which is a branchless banking Laku Pandai framework introduced by the Financial Services Authority (OJK). Currently, this service has been launched in partnership with the local mobile telecommunication companies and, is being used by some 307,000 customers. About 21,000 agents are participating in BTPN branchless banking network to facilitate payments in remote locations.

The second milestone is BTPNs effort to strengthen several aspects of its infrastructure network. In this area, there is B-One project, which creates a single BTPN branch network that is more unified, customer-convenient and operationally efficient. This branch streamlining exercise would enable several key BTPN branches to provide an appropriate mix of services from the Banks different business lines and subsidiary, such as, BTPN Purna Bakti, BTPN Mitra Usaha Rakyat, BTPN Mitra Bisnis, BTPN Sinaya and BTPN Syariah.

company profile



organization structure

Information Technology

Kharim Indra G Siregar

OperationsHadi Wibowo

Human CapitalMaya Kartika

Pension Business

Asep Nurdin Alfallah

IT Business Alliance

BTPN Wow!, Affiliate, Pension

& TreasuryYudi Sukendro

IT Business Solutions

Jufri

IT Service Delivery

Wiwit Rifayanto

IT Business Alliance Finance,

Corporate Functions, UMK

& SMELyzia Ariesta

IT Solutions Development

Andi Achiruddin

IT PMO & Vendor ManagementFerdinandus

Huber

IT Business Alliance

Operations & Retail BankingIndrajaja Sie

IT Service OperationsNugroho

IT PlanningDev Yusmananda

PMO Branch Roll Out

Irene Jacqueline Margriet

Centralized Operations

Irawan Rukmanto

Performance & Budget

MonitoringDwi Prasetya

Operations DistributionAdi Yunianto

Operations DevelopmentRadhar Hasti Handayani

Procurement & Fixed Asset Management

Retna Soelistyawati

General Affairs & Premises

Avianingsih Tri Kentjana

Unit Penanganan Pengaduan Konsumen

Rohmat Harobi

Information Assurance Security

ManagementPatritius Joko

Customer Experience

CenterIrma Mutia

HCBP Management

UMKDebbie Gracia Retnoningsih

HCBP Management Business Incubation, Risk Management,

Internal Audit, & KepatuhanDewayanti

Budiningrum (Pjs)

HC ServicesDewayanti

Budiningrum

HCBP Management

Pension, Keuangan &

Pendanaan, & SME

Wuryanti

HC Strategic Development

Putu Gde Wibawa

HCBP Management Operasional,

Teknologi Informasi, Daya

& HCDenty Avianty

HC Business Support

Maya Kartika

Business Risk & Control UMK

Adil Pamungkas

Branch Operation & Network

Management UMK

Syafwardi

Distribution Jawa UMK

Erpantja Toho S. Pasaribu

Product & Sales Management

UMKWaasi B.

Sumintaardja

Distribution Sumatera UMKErwanto Yusuf

Distribution IBT UMK

I Ketut Sukadana

Deputy Pension Business

Vincentius Hidajat

Business Incubation

Djemi Suhenda

Smart DigitalBranch

Djemi Suhenda

BTPN Wow!Djemi Suhenda

BusinessPlanningBusiness

IncubationDenny Irawan

Hadinoto

Smart DigitalBanking

Peterjan VanNieuwenhuizen

Business RiskBusiness

IncubationErliana

Tandoko

MarketingBusiness

IncubationLuhur

Budijarso

Deputy President Director *Djemi Suhenda

UMK BusinessMulia Salim

*Coordinating the functions of the directors under supervision

Sales Distribution Head Pension

BusinessIshak Agus R.

Siahaan

Active Employee Distribution Head Pension Business

Sri Herlyanti

Service Distribution Head Pension BusinessVincentius Hidajat

IRM Head Pension BusinessHerlina Mediaty

Business Development Head Pension

BusinessYose Parlinta

Business Risk Head Pension

BusinessMedi Suharno

Performance Management,

Process & Customer Insight

Head Pension Business

Enrico Novian

company profile


Retail Funding BusinessHelena

Financial Control & PlanningTanpanjana

Wholesale Funding Business

Marlinah Suhendra

Corporate PerformanceSie Lin Yakub

Treasury & Financial InstitutionAchmad

Friscantono

ComplianceLucy Susiana

Noor

Corporate Secretariat

Butet Sitepu

LegalArgo Wibowo

Corporate Communication

Eny Yuliati

LitigationSentot Ahmadi

DayaAndrie Darusman

Compliance Quality Assurance

Rosi Susanti

Operational RiskDani Mohammad

Sundara

Market & Liquidity Risk

Rudy Richard

Portfolio Management

PolicySendiaty Sondy

Fraud Management UnitNurhajati Soerjo

Hadi

SME Business Sonny

Christian Joseph

Asset Business Planning

Toni H. Wirja

ConsumerFinanceBusinessPrasetyoHerwidi

Internal AuditMerisa Darwis

Deputy President Director *Ongki Wanadjati Dana

President DirectorJerry NG

Finance and FundingArief Harris Tandjung

ComplianceAnika Faisal

Risk ManagementWolf Arno Kluge


Prof. Dorodjatun Kuntjoro-Jakti Ph.D.

Indonesian citizen, age 76. Prof. Dorodjatun Kuntjoro-Jakti Ph.D. has been appointed as President

Commissioner as well as Independent Commissioner of BTPN pursuant to the resolutions of EGMS

on 16 March 2006. He is currently the Chairman of the Remuneration and Nomination Committee of

the Bank. Prior to joining BTPN, he held many senior government and academic positions, including

Coordinating Minister for Economic Affairs of Indonesia from 2001 to 2004, Indonesias Ambassador

Extraordinary and Plenipotentiary for the United States from 1998 to 2001, as well as Professor and

Dean of the Faculty of Economics at the University of Indonesia. He has been active in addressing the

countrys many economic challenges, including alleviating poverty and helping the urban poor. He is

also currently President Commissioner (Independent) of PT. GarudaFood Beverage Jaya.

Through his academic and research activities as well as through BTPNs various programs he has

contributed back to society. Over the years He has visited over 250 BTPN branches across the country

and continues to engage and inspire the Banks staff and employees.

He obtained his Bachelor of Economics from University of Indonesia in 1964, specializing in monetary

economics and public finance, a Master of Arts in Financial Administration and a Ph.d. in Political

Economy from University of California at Berkeley. He was also conferred an Honorary Doctorate

(Honoris Causa) in Management by Universiti Teknologi Malaysia at Johor.


board of commissioners profile

company profile


Harry Hartono Irwan Mahjudin Habsjah

Indonesian citizen, age 73. Harry Hartono has been

appointed Independent Commissioner of BTPN pursuant

to the resolutions of EGMS on 8 September 2004. He

is currently the Chairman of the Audit Committee of the

Bank. Prior to this, he was a member of the Legal Aid

Assistance Team at Indonesian Bank Restructuring Agency

(IBRA, 2002-2004), Attorney for Special Crime, title:

Law Enforcement, Execution, and Examination Director.

Attorney General Expert Staff in Banking Law (2002), and

Deputy Chief Prosecutor of the High District Attorney

Office at Southeast Sulawesi province (2000). His vast

experience in law enforcement has been built over a span

of more than three decades.

He holds a law degree from Universitas Brawijaya, Malang,

East Java (1970).

Indonesian citizen, age 68. Irwan Mahjudin Habsjah

has been appointed Independent Commissioner of

BTPN pursuant to the resolutions of EGMS on 28 April

2008. He is currently Chairman of the Risk Monitoring

Committee and a member of the Remuneration and

Nomination Committee of the Bank. He is also President

Commissioner of PT. Sari Melati Kencana (Pizza Hut).

Previously, he was Managing Director and Country Head-

Wholesale Banking of ING Bank, Jakarta (2000-2009), as

well as Managing Director and Country Head of Bankers

Trust Company (1996-1999). Prior to that, he held the

position as Deputy President Director-Corporate Banking

of PT ING Indonesia Bank in Jakarta (1991-1996). He has

37 years of professional experience, which he gained from

various senior positions at BSB Bank, American Express

Bank, Citibank, and Indonesia Overseas Bank.

He graduated with a Masters degree in Monetary and

International Economics from the University of Amsterdam

(1978), and a Bachelors degree in Economics from

Erasmus University Rotterdam (1974) in the Netherlands.

Irwan Mahjudin Habsjah

Harry Hartono


Chow Ying Hoong Ashish Jaiprakash Shastry

Singapore citizen, age 56. Chow Ying Hoong has been

appointed Commissioner of BTPN pursuant to the

resolutions of EGMS on 15 January 2015. He is a member

of the Risk Monitoring Committee and Remuneration

and Nomination Committee of the Bank. He is currently

Director & Deputy Head for Asia Pacific Division at

Sumitomo Mitsui Banking Corporation (SMBC) in

Singapore. In SMBC he filled various roles as follows

Director and Executive Officer (April 2013), General

Manager of Planning Department Asia Pacific Division

(April 2011), General Manager of Debt Markets Department

(April 2010). Prior to joining SMBC, he was with Societe

Generale Bank as Branch Manager/ Managing Director

(1997-2000) and as Head of Syndication for Asia in ABN

Amro in Singapore. He started his career with United

Overseas Bank in 1984.

He graduated from the National University of Singapore in

1984 with degree in Business Administration (Finance).

Singapore citizen, age 40. Ashish Jaiprakash Shastry has

been appointed Commissioner of BTPN pursuant to the

resolutions of EGMS on 28 April 2008. He is a member of

the Remuneration and Nomination Committee of the Bank.

He holds multiple concurrent roles and is a Senior Adviser

at TPG Capital, while also a Managing Partner of Northstar

Advisors Pte Ltd in Singapore. He started his career as an

investment banker at Lehman Brothers in New York before

joining TPG Capital in 1998. In TPG he filled various roles,

including Managing Director and Head of TPG Capitals

business in Southeast Asia.

He received his Bachelor of Arts in Economics (with

honors) from Princeton University in 1996.

Ashish Jaiprakash Shastry

Chow Ying Hoong

board of commissioners profile

company profile


Hiroshi Higuma

Japanese citizen, age 47. Hiroshi Higuma has been appointed Commissioner

of the Bank pursuant to the resolutions of EGMS on 15 January 2015. He

is a member of the Risk Monitoring Committee of the Bank. He is currently

holding General Manager of Emerging Markets Business Division at

Sumitomo Mitsui Banking Corporation (SMBC) in Singapore. In SMBC he

filled various roles among others Joint General Manager of the Emerging

Markets Business Division in Tokyo (April 2013), Joint General Manager of

the Corporate Planning Department (July 2012), Joint General Manager of

the Corporate Banking Department-Americas Division (April 2012), Joint

General Manager of the Specialized Finance Department-Americas Division

(2009-2011), Vice President and Senior Vice President of Corporate Planning

Department at SMBC (1997-2002) and Sumitomo Mitsui Financial Group

(2002-2009), Corporate Research Department ( 1996-1997).

He received his Bachelor of Laws from The University of Tokyo in 1991 and

Master of Laws (LL.M) from The University of Michigan Law School (1995). He

has been admitted to the New York State Bar Association since 1997.

Hiroshi Higuma


Kanaka Puradiredja

Indonesian citizen, age 71. Serving as a member of the

Risk Monitoring Committee since 21 September 2011 and

appointed as a member of the Audit Committee since 19

March 2014.

Graduate of the Faculty of Economics majoring in

Accounting, Universitas Padjadjaran, Bandung in 1971.

Currently serving as Honorary Chairman of the Board

of Indonesian Institute of Audit Committee, Head of

the Honorary Board of Professional Risk Management

Association and Chairman of the Indonesian Institute of

Commissioners and Directors. Once served as Managing

Partner and Chairman of KPMG Indonesia (1978-1999),

Founder and Senior Partner of KAP Kanaka Puradiredja

Suhartono (2000-2007). Once served as Chairman of the

Honorary Board of IAI (2002-2010) and Chairman of the

Board Audit Committee Association Indonesia (2004-2010).

CHAIRMAN

Irwan Mahjudin Habsjah (Independent Commissioner)

MEMBERS

Kanaka Puradiredja (Independent Party)

Stephen Z. Satyahadi (Independent Party)

Chow Ying Hoong (Commissioner)

Hiroshi Higuma (Commissioner)

Risk Monitoring Committee

Audit Committee

CHAIRMAN

Harry Hartono (Independent Commissioner)

MEMBERS

Stephen Z. Satyahadi (Independent Party)

Kanaka Puradiredja (Independent Party)

Remuneration and Nomination Committee

CHAIRMAN


(Independent Commissioner)

MEMBERS

Irwan Mahjudin Habsjah (Independent Commissioner)

Ashish Jaiprakash Shastry (Commissioner)

Chow Ying Hoong (Commissioner)

Putu Gde Wibawa (Executive Officer-Human Capital)

board of commissioners committees profile

Kanaka Puradiredja

company profile


Putu Gde Wibawa

Indonesian citizen, age 54. Serving as member of the

Remuneration and Nomination Committee of the Bank

since 5 November 2014.

Received his Bachelor Degree in Civil Engineering from

Institut Teknologi Bandung in 1987. Previously, he was

Staff of Human Capital Director PT Bank OCBC NISP

(January-March 2014), Culture Development Team PT

Bank OCBC NISP (January-December 2013), Head of HC

Planning & Development Division PT Bank OCBC NISP

(January 2011-December 2012). He has also served as

Human Resources Director PT Bank OCBC Indonesia

(7 January 2008-31 December 2010), Independent

Consultant (18 August-31 December 2007), HR Business

Partner for Self Employed Mass Market (DSP) PT Bank

Danamon Tbk (1 March 2004-17 August 2007), Practice

Leader for Human Performance and Organization

Development Division PT OTI Transformasi Lintas

International (1 July 2003-28 February 2004). He started

his career with Bank Duta (4 January 1988-31 December

1990). Then he worked with Andersen Consulting/

Accenture as consultant (7 January 1991-31 August 2002).

Putu Gde Wibawa

Stephen Z. Satyahadi

Indonesian citizen, age 72. Serving as a member of the

Risk Monitoring Committee of the Bank since July 2009

and appointed as a member of the Audit Committee since

21 September 2011.

Received his Bachelors Degree in Accounting from

Universitas Indonesia in 1967. Serving as Independent

Commissioner (2003, 2011-Now) and Chairman of Audit

Committee (2003-2007, 2011-Now) of PT United Tractors

Tbk, Independent Commissioner and Chairman of Audit

Committee PT Dharma Satya Nusantara (2012-Now),

President Director of PT Promitra Finance (2007-Now).

Became Independent Commissioner and Head of Audit

Committee of PT Astra Agro Lestari Tbk (2007-2011).

Once served as President Director of PT BPK Gunung

Mulia (2004-2014), President Director of Bank Universal

(1989-2002), President Director of Bank Perkembangan

Asia (1986-1988), Finance General Manager & Corporate

Treasurer PT Astra International (1980-1985), Vice

President Director of PT Astra Sedaya Finance (1983),

Assistant Vice President Citibank N.A Jakarta (1970-1980).

Started his career in Bank of Tokyo Jakarta in 1968.

Stephen Z. Satyahadi


board of directors profile

Jerry Ng

Jerry Ng

Under Jerry Ngs leadership, BTPN, this year, has begun investing long-term in Information Technology to build the Banks digital banking capabilities.

Indonesian citizen, age 51. Jerry Ng was appointed President Director of BTPN on 9 July 2008. He leads

an experienced senior management team committed to transform BTPN into the best mass market bank in

Indonesia.

He has 30 years of experience in the financial services industry. He was Head of Indonesia and Senior Advisor for

South-East Asia at TPG Capital before his appointment as President Director and Chief Executive Officer of BTPN.

He began his banking career at Citibank before moving to senior positions in various leading banks and financial

institution in Indonesia; including Deputy President Director at Bank Central Asia, Deputy President Director at

Bank Danamon, and President Director at Federal International Finance. During the 1998 Asian financial crisis, he

was appointed Deputy Chairman of the Indonesian Bank Restructuring Agency (IBRA) for restoring the banking

industry back to normalcy.

He also serves as member of the Board of Trustees of SymAsia Foundation in Singapore, WWF in Indonesia, and

the Blum Center for developing Economies at University of California, Berkeley.

He holds a Bachelor of Business Administration degree from the University of Washington in Seattle, USA and has

attended senior management programmes, including those at Stanford Business School and Harvard Business

School. He is a fellow of the Eisenhower Fellowships.

company profile


Djemi Suhenda

Ongki Wanadjati Dana

Ongki Wanadjati Dana Djemi Suhenda

Djemi Suhenda and his team played a central role in the development of BTPN Wow!, a branchless banking solution for the unbanked segment.

Ongki Wanadjati Dana has been busy ensuring that BTPNs considerable market share in its Pension and Micro (MUR) lending is maintained.

Indonesian citizen, age 58. Ongki Wanadjati Dana has

been Deputy President Director pursuant to the resolutions

of EGMS on 28 April 2008. He heads the Banks retail

banking business since he joined back in 2008. He brings

to BTPN extensive experience in the financial services

sector. For over 34 years, he served as Wholesale Banking

Director of Bank Permata, as Vice President Director of

PT Bank Universal Tbk, and President Director of Bank

Subentra. He started his banking career at Citibank N.A.

in 1982 and rising to Vice President-Consumer Banking

Group in 1987.

He holds a Bachelor degree of Mechanical Engineering

from Institut Teknologi Bandung from where he graduated

in 1981. He has attended various executive education

programs, including at Sad Business School, Oxford

University, UK and Harvard Business School, USA.

Indonesian citizen, age 49. Djemi Suhenda has been

Deputy President Director of BTPN pursuant to the

resolutions of EGMS on 29 October 2009. He has been in

banking for 26 years with a mix of experience in leading

business strategy & planning, operations, human capital,

and new businesses in foreign and local banks. He started

his career at Citibank Indonesia and Citibank Singapore

(1989-1995) and Bank Universal (1995-2002). During 2003-

2008, he was Executive Vice President at Bank Danamon

before he joined BTPN.

In the last 12 years of his career, Djemi has developed five

mass market businesses from scratch. These businesses

have about 2.5 million customers, 3,000 new outlets and

25,000 employees. He enjoys the process of innovation

and facing the challenge of scaling up new businesses as

well as nurturing talented leaders.

He completed a Bachelor of Economics degree from

Universitas Trisakti, Jakarta in 1989 and has attended

various executive training programs, including the

Executive Program on Strategy and Organization at the

Stanford Business School, USA, Leadership At the Peak at

Center for Creative Leadership, Singapore.


Kharim Indra Gupta Siregar

Anika Faisal

Under the leadership of Kharim Indra Gupta Siregar, BTPNs IT started a major transformation initiative in 2015 as information technology increasingly grows to become an essential element of the Banks growth strategy.

Anika Faisal and her Legal and Compliance team focused on implementing the Integrated Corporate Governance framework that covers its BTPN Syariah subsidiary.

Anika Faisal Kharim Indra Gupta Siregar

Indonesian citizen, age 48. Anika Faisal has been

Compliance Director pursuant to the resolutions of EGMS

on 28 April 2008. Prior to this, she was Compliance

Director at Bank Danamon Indonesia for six years. She has

more than 24 years experience in the financial services

industry. She initially established her credentials in Bank

Niaga, where she rose to become the Legal Division

Head for Corporate Banking. She then moved to Bahar,

Tumbelaka and partner, a law firm where she rose to

become a partner in 1999. The same year, she moved

to the Indonesian Bank Restructuring Agency, where

she served as Subject Matter Expert to the Head and

Deputy Head of the Agency. She is actively involved in

managing profession & industry association among others

Indonesian Bankers Association (Ikatan Bankir Indonesia),

Perbanas and Compliance Director Communication Forum

(Forum Komunikasi Direktur Kepatuhan/FKDKP). In 2015

she is appointed as Chairman of FKDKP.

She holds a Bachelor Degree in Law from Universitas

Indonesia. She has attended various executive training

programs, including Authentic Leadership Program at

Harvard Business School, USA. She also has contributed

to her almamater as the Head of Yayasan Dana Bakti

Pendidikan UI since 2007.

Indonesian citizen, age 51. Kharim Siregar was appointed

Information Technology Director at BTPN pursuant to the

resolutions of EGMS on 28 April 2008. He leads a team

responsible for enabling the business units by delivering

IT solutions. His unit is also in charge of maintaining the

Banks IT infrastructure to meet new process requirements,

support timely decision-making and enable collaboration

across the company. Prior to BTPN, he was Executive

Vice-President/ Head of Business Support Division for

Danamon Simpan Pinjam; Vice-President of Electronic

Channels, Customer Loyalty and Business Alliances in

Retail Banking at Bank Mega; and Vice-President and IT

Group Head at Bank Universal. He started his career as a

marketing representative for IBM Indonesia.

He graduated with a Bachelors degree in Mechanical

Engineering from Institut Teknologi Bandung in 1990.

He also attended executive training program in Insead,

Singapore and Harvard Business school, USA.


company profile


Hadi Wibowo

Arief Harris Tandjung

In 2015, Hadi Wibowo and his Operations unit launched the Banks B-One project, a multi-year project aimed at improving efficiency and productivity by introducing BPTNs new branch concept.

Arief Harris and his team during the year has managed down the Banks cost of funds, by reassessing and changing the overall funding as well as the third-party liability composition.

Arief Harris Tandjung Hadi Wibowo

Indonesian citizen, age 47. Arief Harris Tandjung was

appointed Finance and Funding Director of BTPN pursuant

to the resolutions of AGMS on 8 April 2010. Prior to

that, he was the Banks Executive Vice President, Chief

Financial Officer for two years. Before joining BTPN, he

served as Executive Vice President and Head of SME

Banking Business for Bank Danamon, Senior Manager and

Head of Consumer Banking Business Finance for Standard

Chartered Bank, and Vice President for Corporate

Performance Management at Bank Permata.

He holds a Bachelor Degree in Electrical Engineering

from Universitas Indonesia (UI) in 1991, and has attended

a number of education and training programs, such as

the General Management Executive Program conducted

by the National University of Singapore in 1999, the

Leadership Program conducted by Temasek Learning

Center, Singapore in 2006 and CFO Strategic Financial

Leadership Program by Stanford Business School

Executive Education in 2013.

Indonesian citizen, age 48. Hadi Wibowo has been

Operations Director, after previously serving as Director

for Micro and Small Enterprises Business pursuant to

the resolutions of AGMS on 8 April 2010. He has spent

almost all of his career in banking industry, in various

positions like Operations, Consumer Banking and Micro

Banking. His banking career was started when he joined

as management trainee in Bank Universal/Permata,

continued to Bank Danamon where he hold an Executive

Vice President in Consumer Banking, before he moved on

to BTPN.

He earned a Bachelor degree in Civil Engineering-Institut

Teknologi Bandung in 1991, and attended various

executive training programs, like General Management

Program at National University of Singapore, Danamon

Leadership Academy at Insead Singapore, Berkeley-

Nanyang Advanced Management Program at Nanyang

Business School and Haas School of Business-UC

Berkeley, and Leading for Organizational Impact at Center

for Creative Leadership in Singapore.


Mulia Salim

Asep Nurdin Alfallah

Mulia Salim together with his Mitra Usaha Rakyat (MUR) team has focused on reassessing and improving the productivity and performance of its loan portfolio.

Asep Nurdin Alfallah with his Pension Business unit continues to broaden the reach of BTPNs financial services to pensioners to include still actively working employees.

Asep Nurdin Alfallah Mulia Salim

Indonesian citizen, age 51. Asep Nurdin Alfallah has served

as Pension Business Director pursuant to the resolutions

of EGMS on 25 February 2011. He has been with the bank

for over two decades. For 23 years, he has grown with

the bank by serving in various senior positions, including

several years as Division Head, Senior Regional Head of

West Java, East Java & East Indonesia, Jakarta and Sales

and Distribution Head of Pension Business.

He holds a Bachelor of Banking and Finance degree

from the National University of San Diego, California,

USA; and a Masters degree in Banking and Finance from

the University of Technology, Sydney, Australia. He also

studied in Studienkollege, Mainz-Frankfurt, Germany; and

has attended a number of education and training programs

conducted by the Michigan Ross School of Business in

Hong Kong.

Indonesian citizen, age 44. Mulia Salim appointed as UMK

Business Director, after previously serving as Operations

Director pursuant to the resolutions of AGMS on 4 April

2012. Previously, he was Executive Vice President-

Operations Head at BTPN since 2008. Prior to joining

BTPN, he served as Executive Vice President-Finance,

Operations & Collections Head, Cards Business and as

Project Leader of acquisition and integration of American

Express business in Bank Danamon. He has also served

in various senior positions at Citibank, N.A., including

Country Procurement Head, Cards Operations Head,

Transactions Services Head and last position as Vice

President-Quality & Customer Service Director.

He earned a Bachelor Degree in Electrical Engineering

from Universitas Indonesia in 1993. He attended the

Citibank Asia Pacific Leadership Forum in Shanghai,

Danamon Leadership Academy at Insead Singapore and

Berkeley-Nanyang Advanced Management Program in

Nanyang Technological University-Singapore and Haas

School of Business-University of California Berkeley.


company profile


Maya Kartika

Wolf Arno Kluge

Maya Kartika and her Human Capital staff were actively engaged in a number of major transformation initiatives during 2015, with BTPN expanding its digital banking platform.

Wolf Arno Kluge with his Risk Management team continued to improve the implementation of BTPNs Integrated Risk framework and management, that covers its BTPN Syariah.

Wolf Arno Kluge Maya Kartika

German citizen, age 54. He was appointed Risk

Management Director of BTPN pursuant to the resolutions

of AGMS on 26 March 2015. Previously, he was Chief

Risk Officer at BTPN. Prior to joining BTPN, he was with

Bank Central Asia as Consultant-Lending Process (June

2009-May 2011) and became Independent Member-Risk

Monitoring Committee (January 2008-May 2009), Head

of Integrated Credit Risk Management for Bank Danamon

(July 2004-October 2007), serving as Commissioner for

Adira Dinamika Multi Finance (June 2006-June 2007),

Director-Risk Management Advisory at Deutsche Bank AG,

Jakarta Branch (September 2001-June 2004), Director-

Asset Management/ Credit Restructuring at Aegis Korea

LLC (August 2000-August 2001), Division Head-Credit

Restructuring at Bank Mandiri (May 1999-July 2000). He

has also served in various senior positions at Deutsche

Bank AG branches around the world.

He received Certified Banking Management Expert from

Frankfurt School of Finance and Management in 1990.

Indonesian citizen, age 50. She was appointed Human

Capital Director of BTPN pursuant to the resolutions

of AGMS on 26 March 2015. Previously, she was Chief

Human Capital at BTPN. Prior to joining BTPN, she was

Senior Vice President and Head of Human Resources at

HSBC Indonesia (July 2010-December 2014), Country

Head of Human Resources at RBS Bank Indonesia (June

2003-June 2010), Head of Human Resources at Kalbefood

(August 2002-May 2003), Manager-People Solution at

Arthur Andersen Business Consulting (April 2000-August

2002), HR RM-Corporate & Institutional Banking at

Standard Chartered Bank (May 1999-March 2000),

Recruitment & Training Manager at PT Ongko Multicopora

(April 1994-May 1999). She started her career with Expert

Consulting (August 1990-March 1994).

She holds a Bachelor Degree in Psychology from

Universitas Indonesia in 1990.


BTPN Syariah

subsidiary profile


BTPN Syariah received visits from numerous international organizations about their banking approach on financial inclusivity

company profile


The Syariah Business Unit within BTPN was initiated in March 2008 to serve productive poor communities, which focuses on women from low-income families in rural villages. In July 2014, the business unit was successfully spun off and transferred into a separate Syariah commercial bank, which BTPN earlier acquired and converted into a Syariah licensed Bank. This acquired bank was, formerly, PT Bank Sahabat Purba Danarta (Bank Sahabat).



Bank Sahabat was established in 1991 as a non-foreign exchange licensed bank. BTPN acquired a 70% stake in the Bank on 4 February 2014, and converted the Bank into a Syariah licensed Bank, following the 22 May 2014 Otoritas Jasa Keuangan (Financial Services Authority) decision. On 14 July 2014, BTPN Syariah was officially launched.

As the 12th Syariah bank in Indonesia, BTPN Syariah strives to continue focusing on financial inclusion initiatives with women empowerment and Islamic banking principles at the core of its business activity.

2015 Financial Performance

As of 31 December 2015, BTPN Syariah Total Assets reached Rp5.2 trillion, with Murabahah financing reaching Rp3.7 trillion and total funding reaching Rp3.8 trillion.

70.00%

PT Bank Tabungan Pensiunan Nasional Tbk

PT Triputra Persada Rahmat

30.00%BTPN Syariah Shareholding Structure

BTPN Syariah

subsidiary profile

company profile


Net profit after tax came to Rp169 billion. Profitability in terms of Return of Assets was 5.24% and Return on Equity was 17.89%. Liquidity is maintained at a comfortable Financing to Funding ratio of 96.5% and Financing quality in terms of Non-Performing Financing ratio is managed at 1.25%, while the Capital Adequacy Ratio was at 20%.

In 2015, BTPN Syariah services have reached more than 2 million customers through the efforts of 12,712 employees, across a 113 office network nationwide.

2015 Activities and 2016 Priorities

ExpandedthenetworkofOperationalFunctionOffices (Kantor Fungsional Operasional) to help coordinate, monitor and service 1,850 wisma across the country

Furtherautomatedoperationsandprocessestoimprove productivity

Developedandlaunchedbranchlessbankinginitiative Laku Pandai (Layanan Keuangan Tanpa Kantor Dalam Rangka Keuangan Inklusif) through leveraging BTPNs infrastructure

Developednewbusinesseswithinthemassmarket segment

Continuedeffortstoexpanddistributionandstrengthen infrastructure.

Sharia Supervisory Board

CHAIRMAN

K.H. Drs. Amidhan

MEMBER

K.H. Ahmad Cholil Ridwan, LC

The Board of Commissioners

PRESIDENT COMMISSIONER (INDEPENDENT)

Kemal Azis Stamboel

COMMISSIONER (INDEPENDENT)

Dewie Pelitawati

COMMISSIONER

Mahdi Syahbuddin

The Board of Directors

PRESIDENT DIRECTOR

Harry A.S. Sukadis

DEPUTY PRESIDENT DIRECTOR

Ratih Rachmawaty

COMPLIANCE & RISK MANAGEMENT DIRECTOR

Taras Wibawa Siregar

INFORMATION TECHNOLOGY DIRECTOR

Setiasmo

OPERATIONS DIRECTOR

Gatot Adhi Prasetyo

HEAD OFFICEMenara Cyber 2, 34th FloorJl. H.R. Rasuna Said Blok X-5 No. 13Jakarta Selatan 12950


shareholders profile

28,149

441

17

Sumitomo Mitsui Banking Corporation (SMBC) is part of the Sumitomo Mitsui Financial Group, Inc. (SMFG), which is one of the three largest financial groups in Japan. As of September 30, 2015 the Bank has JPY 156.5 trillion in total assets, JPY92.0 trillion in total deposits and JPY 68.8 trillion in total loans and bills discounted. All these numbers are non-consolidated. The Bank is based in 1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo 100-0005, Japan.

SMBC was established in April 2001 through the merger of two leading banks: The Sakura Bank, Limited, and The Sumitomo Bank, Limited. SMFG was established in December 2002 as a holding company, through a stock transfer and SMBC became a wholly-owned subsidiary of SMFG.

SMBC employs 28,149 people and offers a broad range of financial services with its group companies such as Consumer, Corporate, and Investment Banking services. It has 441 branches in Japan

and 17 branches overseas as well as numberous locally incorporated subsidiaries, sub-branches and representative offices across 38 countries.

SMBC is the controlling shareholder of BTPN (40% shareholding). SMFG is also represented in Indonesia by PT Bank Sumitomo Mitsui Indonesia, PT SMFL Leasing Indonesia (59.9%), PT Nikko Securities Indonesia (39.7%) and PT Indonesia Infrastructure Finance (14.9%).

As part of its objective to become an Asia-centric bank, SMBC in Asia plans to:- Develop client-centric business models to better

service customers.- Build a platform to realize the banks Asia-centric

operations.- Achieve sustainable growth while maintaining

soundness and profitability.- Upgrade corporate infrastructure to support next

stage of growth.

employees

branches in Japan

branches and numerous locally incorporated subsidiaries, sub-branches and representative offices in 38 countries

40.00%Sumitomo Mitsui Banking Corporation

20.00%

8.38%

Summit Global Capital Management B.V.

TPG Nusantara S. r.l

Public*)

31.62%

*) including 1% shares of PT Multi Kencana Mulia

company profile


TPG is a leading global private investment firm founded in 1992 with $70 billion of assets under management. TPG has extensive experience with global public and private investments executed through leveraged buyouts, recapitalizations, spinouts, growth investments, joint ventures and restructurings.

Structure of Ownership

Ultimate Shareholder 1. Sumitomo Mitsui Financial Group through Sumitomo Mitsui Banking Corporation

2. David Bonderman through TPG Nusantara S.a.r.l

Non-controlling Shareholder through capital market (5%)

Summit Global Capital Management B.V.:20%

Non-controlling Shareholder not through capital market (>5%)

None

Structure of Ownership as of 31 December 2015

Share Owner Number of Shares Percentage

Sumitomo Mitsui Banking Corporation 2,336,114,903 40.00%

Summit Global Capital Management B.V. 1,168,057,451 20.00%

TPG Nusantara S.a.r.l. 489,407,774 8.38%

Board of Directors

- Jerry Ng 22,407,500 0.38%

- Djemi Suhenda 3,360,000 0.06%

- Ongki Wanadjati Dana 3,255,000 0.06%

- Hadi Wibowo 2,554,100 0.04%

- Anika Faisal 2,100,000 0.04%

- Arief Harris Tandjung 1,975,000 0.03%

- Kharim Indra Gupta Siregar 1,130,500 0.02%

- Mulia Salim 782,500 0.01%

- Asep Nurdin Alfallah 2,500 0.00%

PT Multi Kencana Mulia 58,402,873 1.00%

Public 1,750,737,156 29.98%

5,840,287,257 100%


Controlling Shareholder

100%100%100%

66%

100%

100%

GP

LPGP

LP

LP

GP

100%

100%

GP

GP

GP

LP

LP

LP

100%

100%

100%

Japan Trustee Services Bank, Ltd. 6.40%

The Master Trust Bank of Japan, Ltd. 5.18%

Public < 5% 88.42%

Newbridge Asia Advisors IV, Inc.

Co Investors: Northstar Equity Partners TPG Nusantara

S. r.l.

Ultimate Shareholder

Newbridge Asia GenPar IV, L.P.

Newbridge Asia IV, L.P.

TPG Nusantara Cayman, L.P.

TPG Nusantara Cayman Co-Invest L.P.

Co Investors: GIC Noonday

TPG Nusantara Cayman Co

Japan Research Institute SMFG Card & Credit

SMBC Friend Securities

Cedyna

Sumitomo Mitsui Card

SMBC Consumer Finance

Ultimate Shareholder: David Bonderman

structure of ownership

TPG Nusantara (Hongkong) Limited

company profile


39.68%

100% 60%98% 100%

85%100%

1%

10%

9%

14.89%

60%

25.71%

100%

99%

98.47%

31.62%8,38%

*) Indirect investment of SMFG Group)**) more details in separate sheets

40% 20%

70%

SMFG

SMBC SMSB Co.Ltd* SMBC Management Service Co.Ltd*Sumitomo Mitsui

Finance and Leasing

SMBC Nikko Securities

PT Nikko Securities Indonesia

PT Indonesia Infrastructure Finance

SMBC SSC Sdn.BHD

PT SBCS Indonesia

PT Bank Sumitomo Mitsui Indonesia

SBCS Co. Ltd

BTPN

BTPN Syariah

Public

Summit Global Capital Management B.V.**)

PT SMFL Leasing Indonesia


Sumitomo Corporation-Structure of Ownershipas of 31st December 2015

BTPN

Summit Global Capital Management B.V.

Sumitomo Corporation

The Master Trust Bank of Japan, Ltd (trust account): 5.32%Public: 94.68% (as of March 31, 2015) Kiriu Corporation

PT. East Jakarta Industrial Park

PT. Supreme Energy Rajabasa

PT. Supreme Energy Muara LaboPT. Summitmas Property

Sumitomo Corporation Asia & Oceania Pte. Ltd

OMS Holding Pet Ltd.

PT. OMS Oilfield Services

PT. Sumitomo Indonesia

PT. Summit Oto FinancePT. Oto MultiarthaPT. Summit Invesment Indonesia

PT. Summit Auto Group

PT. Asuransi Summit Oto PT.SumishoE-Commerce Indonesia PT. Biomass Indonesia

38.68%43.67%

10%

0.02%

10%20%

40% 0.53%

99.98%

95%

40% 49%

99.99%

0.01%

100%

100%

100%(*)

60%

40%

20%

80% 85%85%

99.47%60%51%

5%5%

company profile


Sumitomo Corporation-Structure of Ownershipas of 31st December 2015

Kiriu Yamagata Corporation

Sumitomo Mitsui Finance and Leasing Company,

Limited

PT. SMFL Leasing Indonesia

PT. SMT Indonesia

PT. Traktor Nusantara

PT. Swadaya Harapan Nusantara

PT. Indomobil Summit Logistics

Sumitronics Corporation

Sumitronics Asia Pte. LtdPT. Kiriu Indonesia

PT. Sumitronics Indonesia

PT. Sumisho Global Logistic IndonesiaPT. Summit Niaga

PT. Summit Electrical Steel Processing

IndonesiaPT. Super Steel Karawang

PT. Bhumi Jati Power PT. Central Java Power

Japanese Entitties Subsidiaries in Indonesia

Singapore Entitties

(*) SC Group Indirect Investment

Associated Companies in Indonesia

100%

6%

25.02%

15%

10%

2.53%25%28.12%

10% 90%

85%(SC 34%)

75%

100%

100%

74.98%

40.03%

99.38%

71.88% 97.47%(*)

75%(*) 40%

99.87%(SC 49.94%)

25%30%

80%

0.59%

40%


share and bond registration

On 18 February 2015, TPG Nusantara S. r.l sold its ownership of the Bank amounting 1,022,050,270 shares or 17.50% to Summit Global Capital Management B.V. This resulted in TPG Nusantara S. r.l ownership in the Bank became 489,407,774 shares or 8.38% and Summit Global Capital Management B.V. ownership became 1,168,057,451 shares or 20%.

BTPN Share Ownership

Shares Before 18 Februar

a bank in your hand

Documents